Recession sink values????
 

So I don’t know why, but I dig out my excellence magazines from2000-2005. An excellent condition 1967s had a sale price of $17,000. Granted they can be off slightly when they do their market updates. But with that same car now selling at $200,000 that’s a 1200% return in 15 years. Does anyone think in the next recession some of these prices could collapse by up to 50%? I mean 1200% in 15 years, strikes me not as a car/Porsche lover, but rather an investor. And we know how investors can panick and sell when things go south with their investments. Btw proud owner of an 89 Speedster I bought exactly 20 years ago this month.

I would say we are the lowest amount that you will ever see any air-cooleds ever again

No, prices can only go up. They are not making any more. Prices will go to infinity. Last chance to buy now or forever be left out! Prices will never be at these levels again!

Is that supposed to be in green?

Were you around during the last recession?

I fixed it for you and took out the nonsensical sentences :)

There’s a reason why people sink millions upon millions investing into collector cars besides the cool factor. Cars are certainly not recession proof but they are not impacted to the same degree

I guess you weren't around.

Recessions might not affect Ferrari 250 GTO prices, but there were almost half a million aircooled 911s made.

Prices are already softening as credit/liquidity has tightened and the stock market has declined.

A full blown recession would certainly put a hit on values of, for example, those thousands and thousands of SCs and 80s Carreras with 150,000+ miles on them.

Cars, especially old 911s, are not commodities. They will go down. Then they go up. Then they go down. And prices are not set, so some are up and some are down even today.

It just doesn't matter to most people who are into 911s for the long haul.

One thing is for sure it's not the hobby car it used to be. Too bad.

They take a lot of maintenance. They take a lot of patience. Everything pre-1994 in the 911 world takes a lot of patience. They aren't for everyone, though everyone thinks they want one. However the many who think they want one it becomes an old car that sits and sits and then gets sold on.

I remember the Ferrari market in the late '80s. It was insane. People could see no end in sight. I talked to probably 20 "investors" who were buying everything from 400is, to BBs, to Mondials, to TRs. They were convinced they would all be a million dollars by 2018. They are not. Never will. They are production cars.

Certainly old 911s will go down. Recession or not. It takes so much to own one. Time is one of them, and to some they would rather own a Cayman or a Lexus.

???

!!!

:eek:



:D

Wait six months and you’ll have your answer.

Most don't remember that.

But, because "we'll never see prices this low again" and "they're not making them anymore" people were paying close to $200,000 for garden variety 308s in the late 80s.

Hate to break it to you, but commodities prices do exactly that!

Eight plurals, all correct, none of them with a mother****ing apostrophe. You, dear Sir, are part of a dying breed.

Yes they were. And they were buying burned-out chassis for close to what they are going for now. People were convinced that everything that was built before Enzo's death was a sure thing.

We'll see those prices low again. No one cares that they aren't making them anymore - except for a few of us. Even if they were, and if you took into account the inflation rate, not many would buy them anyway.

I believe they are going down. It's just a matter of when.

You can see prices coming down today. No one really knows what a project is worth anymore because they aren't selling. I remember talking to some guy in California in 2013 and he was convinced that $35K was the number that got you into a rusted-tub project car and it wasn't going down - ever.

Whether people want to admit it or not, as I said people like the idea of a an aircooled Porsche. Many cannot stomach long-term ownership. Or the commitment.

We'll see. Americans and Euros like old 911s. The Chinese don't even know what the hell an aircooled 911 is. I've been over there more than a dozen times and as I've said it's a cultural thing that they don't like old cars. It may change, but they did not grow up with a 911 or a Lambo or a TR hanging on their wall.

We'll see.

You're right. They are correct. It's known as the Queen's English. No apostrophes to make a noun plural.

This is a really good point; for many new owners, the tiny size (almost everything else on the road wouldn't even notice as they ran right over you), the noise, the stink, and the finickiness of an aircooled, combined with the ridiculous costs of parts and service (I doubt that many new owners spin their own wrenches), as no aircooled is "bulletproof", despite the myths that people like to perpetuate, likely gets old in a hurry (plus there is the "not fast" factor, if no turbo POWAAA is present :)).

I’ll eat my words and Rawknees will fulfill his avatar if we ever see 1964-1989 911’s for less than they are today. Yes they are down currently and I don’t think they will be going lower. There is way too much interest and momentum to go backwards IMO

Pretty well sums it up.

Its already happening.

Ha ha - you bisch!!! :D

It's all opinion here, but I predict lower prices over the next three years.